Saxo Bank’s Outrageous Predictions for 2017: More Likely Than Last Year’s

December is always a month of reflection on the past year, and a glimpse into the coming future and the new year. With this particular new year being full of hope in the aftermath of the greatest political shift in 8 years, Saxo Bank is once again publishing a list of its most outrageous predictions for 2017.

In contrast to December 2015, when the Danish multi-asset brokerage’s outrageous forecasts were outright crazy at some points, this year’s forecasts are more likely to happen. Apparently the initiative led by the CIO of Saxo Bank Steen Jakobsen has turned more conservative this year and after almost getting some of the forecasts for 2016, the brokerage is presenting a new set of outrageous and potentially correct predictions for next year.

By the time the Article 50 invocation vote is put before Parliament, it is turned down in favour of the new deal

From Chinese GDP growing at 8 percent while the economy refocuses on the domestic services sector, to a “desperate FED” that mimics Japan’s currency depreciation policy of targeting the yield curve across to treasury markets, Saxo’s predictions also include the concept of Bremain.

Saxo Bank’s Head of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Strategy, John Hardy, elaborates: “As the negotiations drag on, the EU realises that it is stronger with the UK under its umbrella than without, and indicates a willingness to make a key concession or two on immigration and the UK’s nancial services under its existing special status within the EU.”

“By the time the Article 50 invocation vote is put before Parliament, it is turned down in favour of the new deal that goes far beyond former prime minister David Cameron’s original treaty change requests,” Mr Hardy’s hypothetic scenario unfolds.

From Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term gaining in value to Donald Trump’s bizarre policy decisions, this year’s predictions by Saxo are much more likely to happen. With the promises of fiscal spending and the tough going on China, the Donald’s administration is just starting to stir things up on the financial markets. This morning we are hearing that the new Treasury Secretary Mr Steve Mnuchin is advocating the privatization of Fannie Mae and Freddy Mac, two companies at the heart of the US mortgage market meltdown in 2008.

Next year is certain to be a fairly volatile one for the financial markets, and Saxo’s call for Europe to engage in common bond issuance and the establishment of a European Bad Debt Bank does not sound that outrageous today.